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12/14/2006

differentiation for average foreign talents

Myth 101 'The fallacy that we must compete for lowest wage or cost' I have posted this myth yesterday and explained that there is no need to bring everything to rock bottom especially in our competition with other countries. There is also no need to pit our workforce with the cheap labour of India and China. There is no need to go down on our knees to beg for foreign talents to come to our shores to compete with our local talents. Here we need our supertalents to find a solution to justify their worth and their exceptional remuneration. There are such things as niche market, market differentiation and product differentiation. This can best be seen in the prices of upmarket properties. While others are coming down, property prices in prime locations are shooting to the stars. And our medical fees can be priced higher than the regional hospitals, why? Then the taboo topic that I avoided to talk about. While the pay of most public and private sectors are going down, the pay of top govt officials are also shooting to the sky, like top end properties. The elite may complain that this is politics of envy. I am conscious of how the elite feel on this. But this point is raised from the angle of product differentiation or market differentiation. At the top end, like top class foreign talents, the market is different. The air in stratosphere is also different. Then there is the element of no competition. Back to the foreign talent market. At the middle, the bulge of the bell curve, there are millions of them available. They are not a talent that is so special or exclusive that we cannot do without. At this average level of talents, there is no difference whether the talent has a third class, second class or general degree, or whether he comes from a third grade or second grade university. The job he is going to do or doing does not require any exceptional talent that our locals did not have. At this level, they should be competing on a level playing field. Or, the locals shall have a slight advantage in the competition. That's is what privilege of citizenship is all about. Any foreign talent that thinks he is competing unfairly and does not like our terms, thank you, find a better place to go. There will be more hungrier foreign talents who will come happily to take up what is available. Yes. lets cut out the bullshit. There is no shortage of talent at the average talent level.

6 comments:

Anonymous said...

"Here we need our supertalents to find a solution to justify their worth and their exceptional remuneration."

Didn't 66.6% of the voting population gave them that justification in May ? That justification is valid for the next 5 years. So, if you don't think they deserve that sort of remuneration, please register that disapproval at the ballot box. That is more effextive than complaining in cyberspace.

redbean said...

what kind of logic is that?

just because 66.6% said ok, so it means everyone must say ok.

so if 66.6% vote that all our cpf money shall go to the state, then it shall be so?

Anonymous said...

That logic is called democracy, redbean-brain. It's called rule of the majority. And yes, if the PAP campaigns in the election on a platform to seize all our CPF, and 66.6% of the voting population vote them in, then they will have the mandate to do it. That's how democracy works.

redbean said...

thank you anonymous,

now i have a better insight into how your brain works. i am praying that you are a foreign talent and not a local supertalent. if the later, singaporeans will really be in deep shit.

Anonymous said...

Singaporean is already in deep shit forever. No voting or election can change anything at all. LKY has say that no election can change gov. So Redbean, please tell those Singachicken to wake up, and start living nightmare in few year time.

Singaporean cannot change election and election possibly will walkover fully in next few years, but then no election, they can enjoy "erection" if they are not totally stress out and finanically incapable.

redbean said...

election is the orgasm for the politicians.

erection is the orgasm for the common folks. each can find pleasure in their own ways.

batam here i come. oops, my cpf money still got stuck. cannot withdraw. so cannot pullout.

now i am naughty.